Cleary Gottlieb was named International Arbitration Team of the Year at Legal Business’ 2020 Legal Business Awards.
The firm was lauded for securing one of the largest commercial arbitration awards ever made in 2019, helping to distinguish itself from other firms contending in the category.
Legal Business said, “Cleary successfully concluded a four-and-a-half-year battle for Brazilian mining group Vale concerning allegations of fraud and bribery against its mining partner in Guinea, BSG Resources (BSGR). The matter was resolved with a remarkable $2 billion victory for Vale after related legal proceedings took place in the U.S., UK, and Switzerland.”
Legal counsel at Vale commended Cleary, adding that “[they] fought like tigers on Vale’s behalf to prove BSGR’s fraud,” and that “Vale’s good name and reputation was completely vindicated.” Vale’s legal counsel would go on to say that the victory was achieved thanks to “Cleary’s technical excellence and understanding, its absolute and unswerving commitment to Vale’s cause, and its refusal to take a step back when confronted with BSGR’s numerous attempts to derail the arbitration process.”
To read more about Cleary’s recognition, click here.